NYSE$SKT
Tanger Factory Outlet Centers Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Tanger reported strong Q4 2024 results with continued leasing momentum and strategic acquisitions.
Tanger delivered solid financial performance in Q4 2024, reporting increased revenue and net income. The company expanded its portfolio with two new acquisitions and maintained high occupancy rates. Leasing activity remained strong, and rental rates continued to improve.
- Net income increased to $26.3 million, up from $23.5 million in Q4 2023.
- Revenue grew to $140.74 million, reflecting strong leasing and operational performance.
- Occupancy rate reached 98.0%, an increase from 97.3% in the previous year.
- Acquired two shopping centers, expanding its portfolio and strengthening growth prospects.
Headline financials
Revenue & EPS history
Tanger · Revenue · Quarterly
$141M
Revenue by segment
Tanger · $117M total across 3 segments · Q3 2023
- Rental Revenue$111M+5.0%94.5%
- Other Revenue$4.37M+9.9%3.7%
- Management and Leasing$2.14M+12.7%1.8%
Forward guidance
Tanger anticipates continued revenue growth in 2025, driven by stable occupancy and rental rate increases. The company remains focused on external growth and disciplined capital management.
Tailwinds
- Projected same-center NOI growth of 2.0% to 4.0%.
- Expected net income per share between $0.94 and $1.02.
- Estimated FFO per share between $2.22 and $2.30.
- Continued strong leasing activity with high renewal rates.
- Liquidity position remains robust with $55.7 million in cash and full availability on credit lines.
Headwinds
- Interest expense expected to increase to $63.5-$65.5 million.
- Projected general and administrative expenses of $76.5-$79.5 million.
- Potential challenges from macroeconomic factors impacting retail traffic.
- Higher annual recurring capital expenditures expected ($55M-$65M).
- Continued pressure on occupancy cost ratio impacting tenant profitability.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
+0.2%
Avg return
Earnings day
+2.1%
Avg return
5 days after
+1.0%
Avg return
30 days after
47%
30 / 64 earnings
Positive
+21.7%
Q3 2021
Best reaction
-13.5%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.5% | -0.6% | -2.8% | |
| Q4 2025 | +4.3% | +4.4% | -5.1% | |
| Q3 2025 | +0.3% | +1.8% | -4.7% | |
| Q1 2025 | -5.0% | -5.8% | -5.4% | |
| Q4 2024 | +3.9% | +3.7% | -7.8% | |
| Q3 2024 | +5.9% | +7.8% | +8.4% | |
| Q2 2024 | -3.2% | -5.5% | +5.3% | |
| Q1 2024 | -4.1% | -4.0% | -4.2% | |
| Q4 2023 | +6.9% | +7.6% | +5.8% | |
| Q3 2023 | +2.9% | +2.8% | +11.3% | |
| Q2 2023 | +3.7% | +7.0% | -1.2% | |
| Q1 2023 | +7.5% | +5.6% | +10.8% | |
| Q4 2022 | +0.3% | +1.4% | +0.1% | |
| Q3 2022 | +1.7% | +2.1% | +5.7% | |
| Q2 2022 | +1.6% | +11.7% | -3.7% | |
| Q1 2022 | -0.4% | +5.1% | -1.9% | |
| Q4 2021 | -4.1% | -3.9% | -1.7% | |
| Q3 2021 | +21.7% | +27.1% | +16.0% | |
| Q2 2021 | -3.1% | +2.4% | +2.2% | |
| Q1 2021 | -0.4% | +1.1% | +10.3% | |
| Q4 2020 | +2.4% | +11.7% | +19.4% | |
| Q3 2020 | +11.7% | +38.3% | +67.7% | |
| Q2 2020 | -7.5% | -1.5% | -10.1% | |
| Q1 2020 | -13.5% | -12.5% | +22.8% | |
| Q4 2019 | -3.7% | -5.8% | -22.3% | |
| Q3 2019 | -5.0% | +0.1% | -10.3% | |
| Q2 2019 | -5.6% | -5.3% | -13.5% | |
| Q1 2019 | +1.4% | -1.2% | -7.1% | |
| Q4 2018 | -2.4% | -2.7% | -9.7% | |
| Q3 2018 | +4.0% | +3.5% | +6.2% | |
| Q2 2018 | +2.5% | +2.8% | +1.8% | |
| Q1 2018 | -7.2% | -5.4% | -2.1% | |
| Q4 2017 | -6.3% | -3.1% | -7.2% | |
| Q3 2017 | +2.4% | +9.4% | +10.2% | |
| Q2 2017 | -1.7% | +0.2% | -11.5% | |
| Q1 2017 | -4.5% | -8.2% | -16.4% | |
| Q4 2016 | -3.0% | -2.3% | -6.2% | |
| Q3 2016 | -4.2% | -7.0% | -6.6% | |
| Q2 2016 | -1.5% | +0.7% | -2.3% | |
| Q1 2016 | -0.3% | — | — | |
| Q4 2015 | -3.9% | — | — | |
| Q3 2015 | +0.3% | — | — | |
| Q2 2015 | -0.2% | — | — | |
| Q1 2015 | -0.3% | — | — | |
| Q4 2014 | -3.1% | — | — | |
| Q3 2014 | +1.2% | — | — | |
| Q2 2014 | -1.0% | — | — | |
| Q1 2014 | +0.0% | — | — | |
| Q4 2013 | +1.9% | — | — | |
| Q3 2013 | -0.1% | — | — | |
| Q2 2013 | -2.0% | — | — | |
| Q1 2013 | -0.2% | — | — | |
| Q4 2012 | +0.6% | — | — | |
| Q3 2012 | -1.0% | — | — | |
| Q2 2012 | -1.3% | — | — | |
| Q1 2012 | +1.1% | — | — | |
| Q4 2011 | +2.0% | — | — | |
| Q3 2011 | +0.7% | — | — | |
| Q2 2011 | +11.7% | — | — | |
| Q1 2011 | +0.6% | — | — | |
| Q4 2010 | -0.6% | — | — | |
| Q3 2010 | +3.2% | — | — | |
| Q2 2010 | +1.0% | — | — | |
| Q1 2010 | +5.9% | — | — |
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